Layla received a 2019 Form 1099-MI SC with an entry of $2.200 in box 7 inon employee compensation). Layta had helpeda trend ty ding so ocial mediantng Hon stout he go hisincome?Report the income on Schedule 1 (Form 1040) on line B as other incomeReport the income on Schedule t (Form 1040) on line 8 as other income ahd deduct the expenses as an adustment to mcomeComplete a Schedule C (Fom 1040) and include any related expenses, such as her expenses for purchasing asRequest that Layla's triend reptace the Form 1009-MISC with a Form W-2000

Following is the solution to requisite problem.

Layla received a 2019 Form 1099-MI SC with an entry of 52.200 box 7 (non employee compensation Layla had hlpetstend by income? marketing Hoe shou hepon s Report the income on Schedule 1 Form 1040) on line as other income Report the income on Schedule 1 (Form 1040) on ine 8 as other income and deduct the epenses as an adustment to ncome Complete a Schedule C(Fom 1040) and include any related expenses soch as her epenses tor purchasing as Request that Layta's triend reptace the Form 1099-MISC with a Form W2 0000

Layla received a 2019 Form 1099-MI SC with an entry of 52.200 box 7 (non employee compensation Layla had hlpetstend by income? marketing Hoe shou hepon s Report the income on Schedule 1 Form 1040) on line as other income Report the income on Schedule 1 (Form 1040) on ine 8 as other income and deduct the epenses as an adustment to ncome Complete a Schedule C(Fom 1040) and include any related expenses soch as her epenses tor purchasing as Request that Layta's triend reptace the Form 1099-MISC with a Form W2 0000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ee 402.how did he got the income tax amount on retroactive pay and gross pay, please explain with all of the calculations
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